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0 CommentsСrypto exchange Bybit announced the launch of leveraged token products on its spot exchange, starting with two Bitcoin leveraged tokens, BTC3L and BTC3S.
These leveraged tokens are short-term investment products that let traders reap the benefits of leverage with no margin, collateral or liquidation risks. They have no margin requirement, offering traders a diversified product that exposes them to greater gains.
Leveraged tokens are popular as a diversified trading product that can help make the most out of a volatile market. Each leveraged token is a basket of perpetual contract positions that can be traded on Bybit’s spot exchange. Traders can buy them for exposure to leveraged trades with no fear of margin calls or liquidation.
Ben Zhou, co-founder and CEO of Bybit, said in a statement:
“We are thrilled to offer our clients another great trading opportunity in launching leveraged tokens. We are always looking for ways to help our users capitalize on market opportunities, and leveraged tokens are an excellent addition.”
Bybit’s new leveraged tokens, BTC3L, BTC3S and BTC3, represent long and short trades on BTC with 3x leverage.
Bybit recommends leveraged tokens as short-term investments. However, leveraged exposure products may amplify profitability but also losses.
Recently, Bybit announced an opening of its global headquarters in Dubai after it has received in-principle approval to conduct a full spectrum of virtual assets business in Dubai. The headquarters is expected to commence operations in April.
